Criteo (CRTO) CFO receives 83,502-share equity grant with vesting terms
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Criteo S.A. reported that Chief Financial Officer Sarah JS Glickman received a grant of 83,502 Ordinary Shares as equity compensation. The grant price was $0.00 per share. After this award, she directly holds 434,344 Ordinary Shares.
The shares vest over time: initially 25% on the one-year anniversary of the grant and the remainder quarterly over the following 36 months. If the company’s conversion into a Luxembourg company is not completed before the first anniversary, 50% instead vests on the two-year anniversary, with the balance vesting quarterly over the following two years.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Glickman Sarah JS
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 83,502 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 434,344 shares (Direct)
Footnotes (1)
- The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share. The shares are subject to time-based vesting as follows: 25% of the shares will vest on the one (1) year anniversary of the grant date, and the remainder of the shares will vest in equal portions at the end of each quarter over the subsequent thirty-six (36) month period. Notwithstanding the foregoing, if the conversion of the Company into a Luxembourg company is not completed before the first anniversary of the grant date, then the shares will be subject to time based vesting as follows: 50% of the shares will vest on the two (2) year anniversary of the grant date and the remainder of the shares will vest in equal portions at the end of each quarter during the two-year period thereafter. For more information about the equity of the Issuer held by the Reporting Person, please see the Issuer's most recent definitive proxy statement filed with the Securities and Exchange Commission.
FAQ
What insider transaction did Criteo (CRTO) report in this Form 4?
Criteo reported that its Chief Financial Officer, Sarah JS Glickman, received a grant of 83,502 Ordinary Shares as equity compensation, with a reported grant price of $0.00 per share and a detailed time-based vesting schedule.
How does the potential conversion to a Luxembourg company affect vesting?
If conversion into a Luxembourg company is not completed before the first anniversary of the grant, 50% of the shares vest on the two-year anniversary, and the remaining shares vest quarterly over the subsequent two-year period, altering the original vesting timing.
What are Sarah JS Glickman’s Criteo (CRTO) holdings after this grant?
After the reported equity grant, Sarah JS Glickman directly holds a total of 434,344 Ordinary Shares of Criteo, according to the filing’s post-transaction ownership figure for her non-derivative share position.